Quindell takes the lead on UK personal injury

Quindell, the alternative business structure which describes itself as the 'largest public company law firm', says it has now become the largest personal injury practice in the UK.

Quindell: now the largest personal injury firm in the UK Gustavo Frazao

The business had attracted adverse speculation because of its cashflow earlier this year. But, in newly released H1 results for 2014, it discloses a revenue figure of £180m for its legal services division which is well over double the £75m it disclosed for the same period in 2013. Its earnings before interest, tax, depreciation and amortisation is £101m - or 56 per cent of revenue. Quindell also announced that it has begun legal proceedings against Gotham City Research after its report on Quindell earlier this year  was followed by a significant fall in Quindell's share price. Source: Legal Futures

Email your news and story ideas to: news@globallegalpost.com

Top